YEARLY HIGH
8.0974 MKD
YEARLY LOW
6.8183 MKD
YEARLY AVERAGE
7.1117 MKD

2016 TJS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TJS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 8.0974. Conversely, the yearly low was recorded on May 4, dropping to 6.8183.

This high-to-low spread represents a total annual volatility of 1.2791 MKD. From a start-to-finish perspective, comparing the January average rate of 7.6836 to the December average rate of 7.4147, the exchange rate registered a net change of -3.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 8.0974 was down 24.00% compared to the 2015 peak of 10.6547, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TJS based on timing:

Yearly Peak High 40,487 MKD
2015 Average 45,285 MKD
Yearly Trough Low 34,091 MKD
Transaction Impact: A difference of 6,395.49 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

7.7603
6.8397
JanuMarcMayJulySeptNove

TJS to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 7.0974, compared to 7.1260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0286 points.

H1 Avg (Jan–Jun) 7.0974
H2 Avg (Jul–Dec) 7.1260

Volatility Range Comparison

Volatility

The most volatile month in 2016 was January, with a trading range of 0.8498 MKD (High: 8.0974 / Low: 7.2476). On the other end, September was the most stable month, with a tight range of 0.0775 MKD (High: 7.0221 / Low: 6.9446).

January Spread (Volatile) ±0.8498
September Spread (Stable) ±0.0775

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6246 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.6246

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 7.6836) against the same month in 2015 (average: 9.9612), the exchange rate shifted by -2.2776 (-22.86%).

2016 Avg (January) 7.6836
2015 Avg (January) 9.9612

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.0974 7.2476 7.6836
February 7.2113 6.9489 7.0590
March 7.2014 6.8888 7.0296
April 6.9722 6.8601 6.9164
May 7.0401 6.8183 6.9371
June 7.0899 6.8705 6.9591
July 7.1184 7.0009 7.0633
August 7.0723 6.9000 6.9828
September 7.0221 6.9446 6.9773
October 7.1804 6.9657 7.0806
November 7.3914 7.0214 7.2375
December 7.5395 7.2616 7.4147